Public interest in the insurance program is still low, especially for health insurance products and life insurance. It is allegedly the cause of the low level of interest of the public, especially the Indonesian people, to these non-bank financial institutions is the incompleteness of information obtained by the public regarding this institution in an effort to improve the quality of life in the future. A brief definition of insurance is a term that refers to any action, system or business that is liable for compensation for the life, property and health of unforeseen events such as damage, loss or death. Insurance is widely regarded as a consumption product for upper class people who have more funds and assets that are deemed to need more protection. In fact, insurance has benefits and other advantages for all circles of society.

General Insurance Benefits

Here are the benefits of signing up for insurance that you will get in general or overall.

1. Giving Serenity

We never know the possibility of what will happen tomorrow. Every day we pass by the possibility of events that could require unexpected expenses. If you include someone who is ready for something, the risk of losses caused by these unexpected events can be minimized easily. But what about you who realize that you are not the type of person like that? The presence of insurance service providers can provide answers and lighten the burden when the unexpected events came.

Insurance has the benefit of providing protection from the risk of uncertainty and is believed to be more able to increase the confidence for the individual holder. The reimbursement to be provided by the insurer will at least partially cover up to all of your payment obligations for an incident. Insurance is also known as an alternative to loss control or loss control by conducting field surveys as well as providing recommendations to policyholders to perform preventive and mitigating actions.

2. As Investment and Savings

By registering as a policyholder customer in an insurance service provider, you will be guaranteed a return on investment at the end of the contract. Insurance intended for investment also provides flexibility and flexibility in choosing the coverage period. Usually there will be three choices of coverage time of policyholders, 5, 7, and 10 years. In addition, the premium is a single premium that is relatively affordable and can be exempt from administrative costs.

3. Help Minimize Losses

In accordance with their respective types, the function of general insurance ownership is to assist policyholders to minimize losses from possible unforeseen events such as the cost of disaster losses, accidents, and hospital costs. Minimize the losses for these unexpected events can be seen from the following case example:

You are someone who has a house worth Rp3 billion. In addition, you also have an investment in the form of buildings used as rental rooms for students in the area around the campus. You only give more protection to your home while not for the boarding house owned. When there is a fire caused by a gas explosion at home, you can get cover fees from the insurer. Meanwhile, if the fire occurred in your boarding house, you will lose big losses due to loss of buildings and must bear the loss of property belonging to students because of a fire caused by a gas explosion that is actually yours. From this it is seen the importance of having insurance as a guarantee of protection either for yourself or for your property and investment.

In addition to insurance for property, having a good health insurance will also provide long-term health protection if at any time you are hospitalized for illness or accident. Having health insurance from a reputable insurance company such as Prudential health insurance, Allianz or Manulife will certainly alleviate your financial burden whenever it is needed in an emergency.

4. Helping to Manage Finance

Your obligation to pay premiums on a regular basis actually indirectly forces you to provide a reserve fund that is used when an unexpected event occurs. Even so, when the unexpected event actually happens and requires you to spend a lot of money to cope with it, the insurance will help you to reduce unexpected expenses that are usually much higher than your daily or even monthly routine expenditure. By having insurance, you do not have to pay the full cost of the losses suffered because the insurer will provide compensation.

Benefits of Insurance by Type

Then, in addition to the general benefits of an insurance that has been mentioned above, each type of insurance also provides special protection that varies according to their respective functions. Some types of insurance that are widely used in Indonesia include:

1. Health Insurance

This type of insurance product specifically provides benefits to the policyholder on health or care insurance coverage in the event of an accident or illness. Health insurance ensures the availability of funds needed to cover your health needs and the family as policyholders. The incident of sickness or accident is not a planned event and absolutely no one wants it to happen. But we can not predict what will happen and how it will affect us. This is the concern of the providers of insurance services to help you in providing health insurance such as hospitalization costs and operating costs.

2. Life Insurance

This insurance is for people who bear unexpected financial losses caused by the risk of death or the risk of living for too long. The use of life insurance will benefit the policyholder community to replace the government's Social Security JPS program, as it helps maintain the stability of the community, and becomes one of the financial resources. This business also provides benefits by opening vacancies.

3. Old Age Insurance

This type of insurance purpose to give assurance of policyholder earnings when have retired, and also to his family if the insured dies. This insurance also helps users realize their dreams after entering old age, because the funds can be used for various purposes in the future.

4. Education Insurance

Known as an alternative education savings for children who are planned to undergo a period of school at the elementary school level up to university. Education insurance is divided into two types, namely protection and investment.

5. Property Insurance

It can be said that this type of insurance is less popular among the people of Indonesia. Property insurance is one type of insurance that provides a guarantee to the policyholders to pledge home or business that become sub-type of property insurance.

Essential assets such as homes, offices, or buildings are now considered to need more protection. By registering insurance for a valuable asset, you will be guaranteed by the insurer in the event of a disaster resulting in the loss or loss of the valuable asset. The compensation suffered when registered as a policyholder will be covered by the insurer.

6. Travel Insurance

It is a type of insurance that guarantees protection to policyholders while on the go such as medical expenses, baggage loss, lost travel documents, and so on.

7. Motor Vehicle Insurance / Car Insurance

One type of insurance that provides guarantees of protection from loss or damage to motor vehicles for policyholders. Losses or damages borne by the insurer of motor vehicle insurance services include:

• Traffic accidents such as collisions, collisions, and mudslides
• Evil from others
• Theft
• Fire